BREAKDOWN: A ‘Santa Claus Rally’ for the Stock Market?

Since 1969, 34 out of 45 years have seen a late December rally. Here are 5 reasons why that might not happen this year. 

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

Today on the Brief:

Payrolls report underperforms expectationsSpotify looking for crypto directorLame-duck crypto legislation on the way? 

Our main discussion: Will we see a “Santa Claus rally” this year? 

This kind of rally refers to the fact that in about two-thirds of years since 1969, late December has seen a stock market rally, averaging a 1.4% gain. 

This year, vaccine optimism combined with new stimulus seems poised to once again jingle Wall Street’s bells. A piece in Bloomberg, however, provides five charts and reasons why this market rally is already overbought and overblown, so this year might be more coal than eggnog.

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